John L. Harper - Dec 29, 2021 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Signature
/s/ R. Alan Palmer, attorney-in-fact
Stock symbol
ROAD
Transactions as of
Dec 29, 2021
Transactions value $
$0
Form type
4
Date filed
1/3/2022, 09:56 AM
Previous filing
Dec 22, 2021
Next filing
Jan 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Award $0 +4.57K +1.86% $0.00 250K Dec 29, 2021 Direct F1, F2
holding ROAD Class A Common Stock 500 Dec 29, 2021 By spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction represents a grant of restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Company") with time-based vesting criteria under the Company's 2018 Equity Incentive Plan (the "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2022, 2023, 2024 and 2025. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares.
F2 Includes 57,833 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 3,263 shares in one-third increments on September 30, 2022, 2023 and 2024, (ii) 4,570 shares in one-fourth increments on September 30, 2022, 2023, 2024 and 2025, and (iii) 50,000 shares in one-half increments on September 30, 2024 and 2025. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.